Block of flats for sale in Barons Court Road, London W14

Description:
Kingworths are proud to present this sole instruction, a rare investment opportunity in West Kensington, consisting of a mixed-use freehold premises. The property comprises a corner terrace, late Victorian brick-built building, arranged over basement, ground, and three upper floors. There are two commercial units on the ground floor, one of which includes the basement, and two-bedroom flats on each of the three upper floors.

15 Barons Court Road was held on a lease of 7 years from 20th August 2012 at a commencement rent of £12,000 per annum. This tenancy was renewed in 2019 for a further term of 15 years with 5 yearly rent reviews at an increased rent of £13,200 per annum.

17 Barons Court Road is held on a lease of 5 years from 20th April 2018 with an upward only rent review after 3 years at a commencement rent of £20,400 per annum. We understand the rent review was never implemented. Currently its a rolling tenancy. We have been advised there is a scope to increase these rents.

Flat 1,17 Barons Court Road has been rented on an assured shorthold tenancy agreement (AST) for a term of 12 months from 7th August 2023 at a monthly rent of £2,500 (£30,000 pa).

Flat 2,17 Barons Court Road has been rented on an assured shorthold tenancy agreement (AST) for a terms of36 months from 11th November 2022 at a monthly rent of £2,500 (£30,000 pa).

Flat 3 has been sold on a long leasehold basis until year 2191.

Total return is £93,600 per annum.

Location:
Conveniently located on the south side of Barons Court Road close to its junction with North End Road, a stones' throw away from West Kensington underground station.

Accommodation:
Ground floor lock up unit at 15 Barons Court Road.
Frontage: 4.08m (13'6")
Internal width: 3.68 m (12'0")
Shop depth 5.82m (19"1")
Internal area: 21 sq m (230 sq ft)

Ground floor and basement unit at 17 Barons Court Road.
Frontage: 5.5m (18')
Return Frontage: 4.5m (14'9")
Ground Floor Area: 32.74 sq m (352 sq ft)
Basement Area: 48.4 sq m (520 sq ft)
Vaults: 40.27 sq m (433 sq ft)

First floor apartment
Gross internal area (gia): 57 sq m (611 sq ft)

Second floor apartment
Gross internal area (gia): 57 sq m (611 sq ft)

Third floor apartment
Gross internal area (gia): 64 sq m (689 sq ft)
Roof terrace (unmeasured)

Total internal area: 320 sq m (3,446 sq ft)

Usage:
We believe the commercial premises fall under class E of The Town & Country Planning (Use Classes) (Amendment) (England) Regulations 2020 but applicants are advised to make their own enquiries with London Borough of Hammersmith and Fulham council.

Vat:
All figures are deemed exclusive of Vat where applicable.

EPC:
EPC has been commissioned.

Viewings:
Strictly by an appointment via sole agent Kingworths.

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